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Asian consumers,led by China, are doing more of their purchasing online. Asia has also seen exponential growth in the use of mobile devices for both purchases and payments.
Growing smartphone penetration and the blurring of online and offline commerce has created tremendous business opportunities for small and medium-sized businesses in Hong Kong.
Christmas 2011 was a busy period for mobile and online shopping as Hong Kong people turned to their PCs, laptops, tablets and smartphones to purchase holiday gifts, helping realize PayPal’s earlier forecast for the Hong Kong online shopping market to reach US$2.5 billion by 2015.
China has more Internet users than the United States and Japan combined, and it already has 145 million online shoppers (second only to 170 million in the U.S.), with exponential growth expected that could bring the number to 329 million by 2015 and make the e-commerce market in China the world’s most valuable.
More consumers are planning to use their mobile device to make a purchase this holiday season than ever before, according to a joint national survey conducted by Sybase 365, a subsidiary of Sybase Inc.
As Singaporeans continue to embrace online shopping, Internet banking, social networking, and other online services, there is a growing requirement to log on to many different systems and platforms.
Hong Kong’s online citizens like to search for bargains, keep up with the latest celebrity gossip, and are addicted to Facebook.
Survey reveals that more than half of Singaporeans intend to shop online and 44% of overall holiday expenditure expected to be spent online.
Visa survey finds nearly 80% of respondents have participated in local
online auction websites.
Despite the stated confidence among respondents to shop online, merchants can do more to assure online consumers that secure payment measures are in place to guard against fraud.
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Knowledge Central
This KPMG whitepaper identifies trends and shifts in consumer preferences that are already changing the very fundamentals of revenue creation and generating new opportunities for businesses to expand their footprint and drive exponential growth.
The International Financial Reporting Standard (IFRS) for Small and Medium-sized Entities (SMEs) is a set of high quality financial reporting principles that is tailored for the capabilities of smaller businesses and for the needs of those who use small company financial statements.
Crystal Edge, Zepto Consulting, ESL Industries and SD Group have invested in Microsoft Office 365 to support business goals.
Recruitment specialist Robert Walters needed a global network that wouldn’t let users down and a partner that it could depend upon to provide a competitive and responsive service. After considering a range of different network options, the company decided to deploy an IP VPN solution from Telstra.
